Amwri, Ontario Real Estate Market Data
Updated: Nov 2024
House
| Median price | $520,000 |
| Monthly growth | 1.5% |
| Quarterly trend | 4.0% |
| Stock on market | 0.7% |
Apartment
| Median price | $310,000 |
| Monthly growth | 1.1% |
| Quarterly trend | 2.5% |
| Stock on market | 1.0% |
Prices by Number of Bedrooms
Houses
| Bedrooms | Median Price |
|---|---|
| 2 bedrooms | $450,000 |
| 3 bedrooms | $520,000 |
| 4 bedrooms | $620,000 |
Apartments
| Bedrooms | Median Price |
|---|---|
| 1 bedrooms | $260,000 |
| 2 bedrooms | $360,000 |
| 3 bedrooms | $480,000 |
Demographics
| Current Population (2024) | 15,500 |
| Previous Population (2019) | 15,000 |
| Population Change | 3.3% |
| Total Private Dwellings | 6,200 |
| Occupied Private Dwellings | 5,700 |
| Population Density (per km²) | 1.6 |
| Land Area (km²) | 2,500.5 |
Market Analysis
Current Market Conditions and Trends
The real estate market in Amwri, Ontario, is currently experiencing steady growth, with the median house price sitting at $520,000. This represents a 4% year-over-year increase, indicating a consistently appreciating housing market. The median apartment price is also on the rise at $310,000, following a 2.5% year-over-year uptick. These trends are supported by Amwri’s strong population growth rate of 3.3%, which outpaces many other regions and suggests a vibrant community attracting new residents.
Investment Opportunities and Potential
Investors may find significant opportunities in Amwri’s real estate market due to its solid growth trajectory. The ongoing population increase can lead to higher demand for housing, potentially driving further price appreciation. Single-family homes, given their larger year-over-year percent increase in value, may offer more substantial returns in the long term. Apartments, with a slightly more modest price trend, present an accessible entry point for investors and might be particularly attractive for those looking to cater to renters or seeking lower maintenance properties.
Future Market Outlook
The future outlook for Amwri’s real estate market appears promising. The combination of healthy population growth and consistent property value increases suggests that demand for housing will remain robust. Assuming local economic conditions remain stable and supportive of the current trends, both housing prices and rental rates are likely to continue their upward trajectory. Investors and homebuyers can reasonably expect continued growth in their property values over the coming years, making Amwri an attractive market for both short-term investment and long-term asset accumulation.
